David Stockmans Contra Corner

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David Stockmans Contra Corner
On The Gross Fiscal Negligence Of The Washington GOP

On The Gross Fiscal Negligence Of The Washington GOP

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david stockman
May 27, 2025
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David Stockmans Contra Corner
On The Gross Fiscal Negligence Of The Washington GOP
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The gross negligence of the Washington GOP with respect to its fundamental duty in the governance process of American democracy—to function as the Watchdog of the US Treasury—seems to know no bounds. Very simply, with current policies fixing to add $22 trillion of baseline deficits over the next decade on top of the $36 trillion of public debt already on the books, the only plausible ” One Big Beautiful Bill” (OBBB) for an honest conservative party would be a plan to slash the baseline deficits by material amounts—-say $8 trillion over the next decade, at minimum.

But even that would mean a $50 trillion public debt by the mid 2030s and potentially a rolling disaster from there—-as the Baby Boom driven OASDI rolls surge upwards to 100 million recipients by mid-century. And yet, the imposters, double talkers, rightwing statists, military/industrial complex-footmen and Trumpites (yes, we do repeat ourselves) who now dominate the party on both ends of Pennsylvania Avenue are having a leisurely debate about how much to add to the $22 trillion of new red ink already baked into the cake.

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